Requesting help with the BRRR Process...please

[Chris Scarcello]

We recently acquired a fixer upper by buying it 'subject to.' It has been cash flowing $495/mo for the past six months. Its time for a cash out refi. The lender tells me the title of the house needs to be in my personal name, not my LLC. Also, the financing will be set up as my personal, not LLC.

This is my first BRRR and would like to hear from experienced investors the proper way to handle the financing and title work for the property.

I am buying this with a partner, who is a family member and in the LLC with me. We own other properties together as well.

Thanks for the wisdom and THANK YOU BIGGER POCKETS!

[Chris Seveney]

Chris Scarcello you have to option, put it in your name or find a lender that does investment properties and lends to an LLC. Your rights will be a little higher on the LLC loan.